Post
Topic
Board Bitcoin Discussion
Re: I regret selling BTC for entering DeFi. HODLing is the way!
by
sapnu
on 12/05/2021, 06:24:14 UTC
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Too bad we need to learn in the hard way, regrets will surely come once you witness the coin you are currently investing to goes up right after you sold it. Holding is really important specially with bitcoin, no matter how long it experienced having a low price after a bull run, time will still come when its value will go high once again, you just need patiently and trust bitcoin. Those who were able to hold before up until now are surely gaining a lot of benefit right now and that is because they patiently waited and put their hopes high with bitcoin. There's still time to start again, don't waste it cause there will always be a possibility thatv bitcoin's value will keep on increasing.